Methionine Market Challenge, Contribution, Progression, Business Expansion, Business data and Analysis Procedure
The global methionine market is segmented based on the type as DL-methionine, methionine hydroxy analogue (MHA), L-methionine. Among these, DL-methionine is the largest segment due to its wide range of applications in food & beverage, pharmaceuticals, personal care, agriculture, and others. DL-methionine is an amino acid supplement used as a nutritional supplement and food additive.
Global Key Players and Competition Analysis
Some of the manufacturers operating in the methionine market are Sumitomo Chemical Co., Ltd (Japan), Evonik Industries AG (Germany), Bluestar Adisseo Co., Ltd. (China), Novus International (U.S.), Tokyo Chemical Industry Co., Ltd. (Japan), Sunrise Nutrachem Group (China), Prinova Group LLC (U.S.), AJINOMOTO CO.
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The global methionine market is segmented based on the type, end-use industry, and region. Based on the type, the global methionine market is segmented into DL-methionine, methionine hydroxy analogue (MHA), and L-methionine. Based on the end-user industry, the global methionine market is segmented into animal feed, food & beverage, pharmaceuticals, and others.
The Asia Pacific is anticipated to be the fastest growing region in the methionine market due to the high cattle production in countries such as India, China, and others. Furthermore, the shifting consumption pattern towards nutritional food such as meat, beef, and others along with the high disposable income has augmented the market growth.
The emerging opportunities for amino acid as a supplement in meat production is likely to fuel the market growth in the Middle East & Africa region. For instance, Evonik, a chemical company in 2018 said that it is looking to promote its methionine product, MetAMINO in the Middle East and North Africa.
Browse the market data and information spread across 100 pages with 33 data tables and 12 figures of the report “Methionine Market Research Report - Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/methionine-market-5799
Evonik has begun construction of large-scale production plant of DL-methionine in October 2016 in Singapore, which will be operational in 2019.
Sumitomo Chemical started building a methionine facility with an output of 100,000 metric ton per year in December 2016.
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